Aaron Wealth Advisors LLC Grows Position in HSBC Holdings plc $HSBC

Aaron Wealth Advisors LLC grew its holdings in shares of HSBC Holdings plc (NYSE:HSBC) by 32.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,102 shares of the financial services provider’s stock after purchasing an additional 10,538 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in HSBC were worth $3,555,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Cornerstone Planning Group LLC lifted its holdings in HSBC by 30.7% during the 4th quarter. Cornerstone Planning Group LLC now owns 498 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 117 shares in the last quarter. Lester Murray Antman dba SimplyRich lifted its holdings in shares of HSBC by 1.0% in the fourth quarter. Lester Murray Antman dba SimplyRich now owns 12,445 shares of the financial services provider’s stock worth $979,000 after buying an additional 123 shares in the last quarter. Ellevest Inc. boosted its position in shares of HSBC by 0.7% in the fourth quarter. Ellevest Inc. now owns 18,219 shares of the financial services provider’s stock valued at $1,433,000 after acquiring an additional 131 shares during the period. Federation des caisses Desjardins du Quebec boosted its position in shares of HSBC by 5.3% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 2,658 shares of the financial services provider’s stock valued at $209,000 after acquiring an additional 133 shares during the period. Finally, Checchi Capital Advisers LLC grew its stake in HSBC by 0.5% during the fourth quarter. Checchi Capital Advisers LLC now owns 26,554 shares of the financial services provider’s stock valued at $2,089,000 after acquiring an additional 144 shares in the last quarter. Institutional investors own 1.48% of the company’s stock.

HSBC News Summary

Here are the key news stories impacting HSBC this week:

• Positive Sentiment: HSBC expanded its Orion blockchain network to the UAE and launched a tokenized deposit service in dirhams, highlighting continued investment in real-time corporate cash management and digital banking infrastructure. HSBC Expands Orion Network to UAE, Enabling Real-Time Dirham Liquidity Flows
• Positive Sentiment: HSBC said it is pursuing AI integration with Google, reinforcing its push to modernize operations and improve efficiency across banking and wealth services. HSBC Holdings plc (HSBC) is a Top UK Dividend Stock Pursuing AI Integration with Google
• Positive Sentiment: HSBC opened a new head office in Qatar with its first Wealth Centre in Msheireb Downtown Doha, signaling continued expansion in higher-margin wealth management. HSBC Qatar unveils its new head office featuring its first Wealth Centre in Msheireb Downtown Doha

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. The Goldman Sachs Group began coverage on shares of HSBC in a research note on Thursday, March 26th. They issued a “buy” rating on the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of HSBC in a report on Thursday, May 14th. Zacks Research downgraded HSBC from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. Weiss Ratings lowered HSBC from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Finally, BNP Paribas Exane cut HSBC from an “outperform” rating to a “neutral” rating in a research report on Tuesday, April 14th. Five analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Insider Transactions at HSBC

In other news, insider Daniel Scott Palomaki sold 23,123 shares of the company’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $18.11, for a total value of $418,757.53. Following the completion of the transaction, the insider directly owned 4,973 shares in the company, valued at approximately $90,061.03. This represents a 82.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.01% of the stock is currently owned by company insiders.

HSBC Price Performance

Shares of NYSE:HSBC opened at $95.11 on Friday. The company’s fifty day moving average price is $91.73 and its 200-day moving average price is $86.32. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market capitalization of $326.86 billion, a price-to-earnings ratio of 15.59, a PEG ratio of 0.83 and a beta of 0.56. HSBC Holdings plc has a one year low of $59.92 and a one year high of $96.90.

HSBC (NYSE:HSBC) last posted its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $0.44 earnings per share (EPS) for the quarter. HSBC had a net margin of 16.06% and a return on equity of 13.35%. The company had revenue of $19.12 billion during the quarter. On average, equities research analysts anticipate that HSBC Holdings plc will post 8.6 earnings per share for the current fiscal year.

HSBC Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, May 15th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, May 15th. This represents a $2.00 dividend on an annualized basis and a yield of 2.1%. HSBC’s dividend payout ratio (DPR) is presently 32.46%.

HSBC Company Profile

HSBC Holdings plc (NYSE: HSBC) is a multinational banking and financial services organization headquartered in London. It traces its origins to the Hongkong and Shanghai Banking Corporation, founded in 1865 to facilitate trade between Europe and Asia, and has since grown into one of the world’s largest banking groups. The company is publicly listed in multiple markets, including the London Stock Exchange, the Hong Kong Stock Exchange and as an American depositary receipt on the New York Stock Exchange.

HSBC operates a universal banking model, serving retail, commercial, corporate and institutional clients.